A firm is considering a project with an initial fixed asset cost of $$2\mathrm{.}315$ million which will be depreciated straight$-$line to zero over the $12-$year life of the project. At the end of the project, the equipment will be sold for an estimated $$423,000.$ The project will not directly produce any sales, but will reduce operating costs by $$578,000$ a year. The tax rate is $17\%.$ The project will require $$98,000$ of net working capital, which will be returned when the project ends. What is the net present value at the required rate of return of $12\mathrm{.}7\%?$